General Dynamics Corp (GD.N) said on Monday it acquired Network Connectivity Solutions Corp, a supplier of cloud computing and other information technology services to U.S. Department of Defense agencies. The maker of ships and tanks said the acquisition would help it expand services that can help the Pentagon cut costs. General Dynamics did not disclose the deal's value in its statement but said the purchase is expected to add to earnings in 2012. Network Connectivity Solutions is based in Maryland and has about 160 workers. General Dynamics shares were down 1.6 percent to $69.26 in morning trading.
General Dynamics Corporation offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; military and commercial shipbuilding, and communications and information technology. Shares of GD fell by 1.56% or $-1.1/share to $69.26. In the past year, the shares have traded as low as $55.46 and as high as $78.27. On average, 2030940 shares of GD exchange hands on a given day and today's volume is recorded at 323990.
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